Zhejiang Fulai New Material Co.Ltd. (605488) - Net Assets
Based on the latest financial reports, Zhejiang Fulai New Material Co.Ltd. (605488) has net assets worth CN¥1.63 Billion CNY (≈ $238.36 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.70 Billion ≈ $541.46 Million USD) and total liabilities (CN¥2.07 Billion ≈ $303.09 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Zhejiang Fulai New Material Co.Ltd. liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.63 Billion |
| % of Total Assets | 44.02% |
| Annual Growth Rate | 28.55% |
| 5-Year Change | 250.87% |
| 10-Year Change | N/A |
| Growth Volatility | 49.56 |
Zhejiang Fulai New Material Co.Ltd. - Net Assets Trend (2017–2024)
This chart illustrates how Zhejiang Fulai New Material Co.Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is Zhejiang Fulai New Material Co.Ltd.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Fulai New Material Co.Ltd. (2017–2024)
The table below shows the annual net assets of Zhejiang Fulai New Material Co.Ltd. from 2017 to 2024. For live valuation and market cap data, see Zhejiang Fulai New Material Co.Ltd. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.50 Billion ≈ $219.79 Million |
+12.54% |
| 2023-12-31 | CN¥1.33 Billion ≈ $195.30 Million |
+20.19% |
| 2022-12-31 | CN¥1.11 Billion ≈ $162.50 Million |
+1.84% |
| 2021-12-31 | CN¥1.09 Billion ≈ $159.56 Million |
+154.73% |
| 2020-12-31 | CN¥428.08 Million ≈ $62.64 Million |
+16.51% |
| 2019-12-31 | CN¥367.42 Million ≈ $53.76 Million |
+29.97% |
| 2018-12-31 | CN¥282.70 Million ≈ $41.37 Million |
+9.21% |
| 2017-12-31 | CN¥258.85 Million ≈ $37.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Fulai New Material Co.Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 167.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥342.89 Million | 24.06% |
| Common Stock | CN¥194.75 Million | 13.67% |
| Other Components | CN¥887.28 Million | 62.27% |
| Total Equity | CN¥1.42 Billion | 100.00% |
Zhejiang Fulai New Material Co.Ltd. Competitors by Market Cap
The table below lists competitors of Zhejiang Fulai New Material Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Central Plaza Hotel Public Company Limited
BK:CENTEL-R
|
$1.40 Billion |
|
Kingenta Ecological Engineering Group Co Ltd
SHE:002470
|
$1.40 Billion |
|
Clearway Energy Inc
NYSE:CWEN-A
|
$1.40 Billion |
|
Shanghai Chlor-Alkali Chemical Co Ltd A
SHG:600618
|
$1.40 Billion |
|
Net263 Ltd
SHE:002467
|
$1.40 Billion |
|
Zhejiang Dayuan Pumps Ind Co
SHG:603757
|
$1.40 Billion |
|
Xior Student Housing NV
BR:XIOR
|
$1.40 Billion |
|
Wuhan Tianyuan Environmental Protection Co.LTD
SHE:301127
|
$1.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Fulai New Material Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,271,274,661 to 1,424,924,162, a change of 153,649,501 (12.1%).
- Net income of 139,186,764 contributed positively to equity growth.
- Dividend payments of 64,922,833 reduced retained earnings.
- Share repurchases of 39,403,095 reduced equity.
- Other factors increased equity by 118,788,665.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥139.19 Million | +9.77% |
| Dividends Paid | CN¥64.92 Million | -4.56% |
| Share Repurchases | CN¥39.40 Million | -2.77% |
| Other Changes | CN¥118.79 Million | +8.34% |
| Total Change | CN¥- | 12.09% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Fulai New Material Co.Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17.21x to 4.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.98 | CN¥34.12 | x |
| 2018-12-31 | CN¥2.16 | CN¥34.12 | x |
| 2019-12-31 | CN¥2.11 | CN¥34.12 | x |
| 2020-12-31 | CN¥2.46 | CN¥34.12 | x |
| 2021-12-31 | CN¥6.61 | CN¥34.12 | x |
| 2022-12-31 | CN¥6.02 | CN¥34.12 | x |
| 2023-12-31 | CN¥7.07 | CN¥34.12 | x |
| 2024-12-31 | CN¥7.37 | CN¥34.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Fulai New Material Co.Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.48%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.46x
- Recent ROE (9.77%) is below the historical average (18.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 32.53% | 7.68% | 1.74x | 2.43x | CN¥58.32 Million |
| 2018 | 26.12% | 6.09% | 1.94x | 2.21x | CN¥45.58 Million |
| 2019 | 27.96% | 8.10% | 1.96x | 1.76x | CN¥65.98 Million |
| 2020 | 28.14% | 9.48% | 1.56x | 1.90x | CN¥77.58 Million |
| 2021 | 12.38% | 7.43% | 1.07x | 1.55x | CN¥24.49 Million |
| 2022 | 7.20% | 3.97% | 1.02x | 1.78x | CN¥-29.29 Million |
| 2023 | 5.52% | 3.29% | 0.74x | 2.27x | CN¥-56.98 Million |
| 2024 | 9.77% | 5.48% | 0.73x | 2.46x | CN¥-3.31 Million |
Industry Comparison
This section compares Zhejiang Fulai New Material Co.Ltd.'s net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $757,076,135
- Average return on equity (ROE) among peers: 17.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Fulai New Material Co.Ltd. (605488) | CN¥1.63 Billion | 32.53% | 1.27x | $1.40 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $132.89 Million | 13.77% | 0.98x | $508.22 Million |
| Hengyi Petrochemical Co Ltd (000703) | $187.55 Million | -10.77% | 0.62x | $9.61 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.24 Billion | 2.83% | 1.13x | $754.52 Million |
| Luxi Chemical Group Co Ltd (000830) | $2.59 Billion | 8.19% | 3.36x | $4.71 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $92.67 Million | 58.60% | 2.88x | $8.64 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $158.61 Million | 29.32% | 1.96x | $1.21 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $98.99 Million | 29.63% | 2.11x | $1.62 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $583.32 Million |
| Zhejiang Transfar Co Ltd (002010) | $516.04 Million | 15.39% | 0.20x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $790.80 Million | 14.23% | 1.34x | $604.70 Million |
About Zhejiang Fulai New Material Co.Ltd.
Zhejiang Fulai New Material Co.,Ltd., together with its subsidiaries, researches, develops, produces, and sells functional coating composite products in China and internationally. It operates through Advertising Inkjet Printing Materials; Label Identification Printed Materials; Electronic Grade Functional Materials; Functional Basement Membrane Material; and Other segments. The company offers adv… Read more